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There are multiple theories:
1) New hedge fund-type buyers looking for investment grade since savings rates are stagnant. 2) Market manipulators trying to game the system. 3) Shill bidding rampant. 4) Registry set collectors gone wild. 5) 10-30 new buyers that are controlling the market. 6) The fact that PWCC and Probstein are consignment sellers and can't easily vet their bidders to reduce shill bidding as well as they would like. 7) All of the above.
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-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes. |
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